The report is divided into five sections. It briefly describes the macroeconomic environment during the quarter, details of debt management operations in the primary market – Government’s financing requirement, auction details, cost and maturity of b
The empowered committee of state finance ministers, in a recent letter to the Centre and the states, has proposed that the constitutional amendment draft for GST be amended to include “coal, opium, Indian hemp and other narcotics drugs and narcotics,
India has dropped its plans to introduce a new accounting norm for agriculture as part of the move to converge its accounting standards with globally adopted International Financial Reporting Standards (IFRS). The Institute of Chartered Accountants of India (ICAI), the account standards setting body of the country, has decided not to go ahead with its draft accounting standard for agriculture due to India-specific concerns in assessing the fair value of the agricultural sector.
Competition Commission of India (General) Amendment Regulations, 2010 – Amendment in regulations 18,20,21 and 31 Notification No. L-3(2)/Regln- Gen. (Amdt.)/2009-10/CCI, dated 20-10-2010 issued by Competition Commission of India In exercise of the powers conferred by section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of India hereby makes the following regulations […]
While most banks are in a wait-and-watch mode on their lending and deposit rates after the Reserve Bank of India’s decision on Tuesday to hike key policy rates—repo and reverse repo—by a modest 25 basis points (100 basis points=1%), it is certain tha
Reserve Bank of India raised interest rates for the sixth time this year on Tuesday to tame inflation, and indicated that the increase was likely to be its last in the near term. The Reserve Bank of India raised its lending and borrowing rates by 25
Guidelines for Development of Special Economic Zones (SEZs) 1. BACKGROUND: India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. With a view to overcome the shortcomings experienced in the EPZ format, a Special […]
It is festive season once again with diwali shopping on throughout the country. This time festivities have started much early and the mood of all buyers and businessmen- all is upbeat. The reasons are obvious with no major negative factor playing around. This diwali is backed by good and widespread monsoon bringing in general bullishness everywhere, farmers smiling; no water crisis, so civic bodies are also relieved and disposable surplus with one and all is higher. Almost all sectors of the economy are doing well and is reflected in economy booming as compared to other parts of the world. Stock markets – secondary listings and new offers, both are doing well as new IPOs are listing at premium and BSE sensex is also ruling around 20,000 which is considered high. There is also by and large peace all over. So one ought to really celebrate even if bullion prices have gone hay wire or inflation is not coming down.
The Committee for Capacity Building of CA Firms and Small & Medium Practitioners, ICAI has taken a major initiative for arranging financial assistance to SMPs in the form of liberalised loan scheme through Corporation Bank. An MOU has been signed by
The import of food grains to India is regulated under the Destructive Insects and Pests Act, 1914 and Plant Quarantine (Regulation of Import into India) Order, 2003 issued thereunder. As per this Order, it is mandatory to conduct the pest risk analysis of each
